The brokerage company with the cosmic name Saturn4u offers to revolutionize your trading approach with its industry-leading platform. This is a Swiss broker operating without any licenses and hiding its founding date. On the official website, you can read reviews about the firm, but we recommend not to do so, as it’s easy to fake comments. There is very little information about the organization on the internet, so we have serious doubts about its reliability and safety. With a high probability, we are facing another scam.
Table of Contents
Highlights
| 🏛️ Country | Switzerland |
| ⚠️ Regulation | – |
| 🖥️ Website | https://saturn4u.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | £250 |
| ⚖️ Minimum and Maximum Leverage | 1:10-1:50 |
| ⚙️ Trading Platform | WebTrader |
| support@saturn4u.com | |
| 📞 Phone |
|
First Impression of Saturn4u.com
Upon opening the official website, we see an image where the Earth is enveloped in the web of the internet. And why isn’t the planet Saturn depicted, considering the name of the broker? You can also see images of blockchain and Bitcoin. That’s where the visual design ends. Well, quite a typical and templated site that is found in almost every second brokerage firm. Saturn4u did not surprise us in this respect.
The layout of the sections with information about the platform, trading assets, account types, the company, and contacts is standard – at the top of the main page. The main page of Saturn4u itself consists of motivational phrases that are supposedly supposed to ignite the desire inside the user to quickly open an account and replenish the deposit, as well as pseudo-advantages that are not supported by any evidence. “Secured platform” and “Trusted Provider” – but why is this so? Where is the evidence? Just a set of words from a company that we are supposedly supposed to believe impeccably and accept at face value.
Partnership and Bonuses
From time to time, the broker conducts bonus promotions. However, the bonuses are provided under certain conditions, and until the conditions are met, it is not possible to withdraw the bonuses and the profit obtained. Saturn4u develops detailed conditions for each promotion individually.
There is no information about the affiliate program on the website. Looking ahead, one can find a field named “promo code” during the registration of a personal cabinet. Obviously, Saturn4u has an affiliate program if you can enter an invitation code when creating a personal account, but why is there no mention of it, and why are the conditions not disclosed?
Account Opening on Saturn4u.com
In order to study the interface of the client portal and see the platform, it is necessary to register an account. This simple procedure is no different from those offered by other brokers. Saturn4u asks to specify a name, phone, country, email, address, and password. It is also necessary to agree to the user’s conditions.
It was not possible to create an account because the wonderful promo code turned out to be a mandatory element of the entire registration system. Attempts to guess the miracle code were not successful: “Invalid promo code. Please enter a valid promo code.” How to get inside without a miracle code? Apparently, not at all. And how to find or learn it? Ask an existing client or manager of Saturn4u?
Moreover, the broker does not even offer a free demo account. Although this is a standard option at all popular and verified companies.
Verification
On the official website, there is a document dedicated to the KYC procedure, which explains why it is necessary, what is required, and other details. In short, Saturn4u requires providing documents that confirm the trader’s identity and their residence address. Suitable types of documents can be studied in the KYC policy.
- There is a document describing the verification and why it is needed.
- It is not known how long the KYC verification will take.
Trading Software
Since it is impossible to create an account without an invitation, it is also impossible to check in practice what the platform looks like and what capabilities it has. One has to believe the words of Saturn4u, which describe the terminal as if it is the best software in the world. Of course, it is unreasonable to trust what is written on the websites of brokerage companies, but there is no other option. It must be taken into account.
The website has a “Download Center” section, where you can download MetaTrader 5 or access its web version. However, Saturn4u was not found in the list of brokers connected to MetaTrader 5, and the webtrader does not load at all. Judging by the screenshots on the main page, it does not seem to be the popular terminal from MetaQuotes.
The platform allows the use of technical analysis and various types of orders, risk control, application of indicators, and much more. How this is in reality is unknown. We suspect that Saturn4u is unlikely to offer any advanced and modern solution, because more often than not, such companies only have a primitive and simple WebTrader.
| Features | Saturn4u | XCGIN | RiveGarde |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ❌ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Saturn4u?
The company offers trading in various market classes: stocks, cryptocurrencies (including NFTs), metals, indices, forex, and shares. The better the type of account the trader has, the more favorable the conditions and the more diverse the opportunities.
All Info About Accounts
Saturn4u offers a choice of 6 types of accounts:
- Starter. Developed for beginners. Minimum deposit is £250. The trader receives 24/7 technical support, guidance from experts on WhatsApp, assistance with technical analysis, a 7-day period for an expertly managed account, and leverage up to 1:10.
- Bronze. From £10,000. The tariff includes a private market analysis, an introductory class personalized to you, with the other conditions being the same.
- Silver. Requires a minimum deposit of £25,000. Meetings with an expert weekly, membership for an expertly managed account, and leverage up to 1:20-1:50.
- Gold. At least £50,000. The same opportunities, but additionally Saturn4u provides signals.
- Platinum. £100,000. 50% default trading insured, swap-free, dealings departments, full-protection trade, and market research.
- Black. By invitation only.
Many additional services are based on the assistance of some experts, analysts, and managers. Who are these people? Can they confirm their expertise? Do they have licenses and certificates? Why is such important information not disclosed? In addition, commissions in Saturn4u are also not indicated, as well as spreads and their type. A service is offered, but there are no specifics. The swap-free option is available only to those who can afford to invest £100,000, or more.
One cannot help but notice the general principle of dividing tariff plans: “If you want more services and more favorable conditions, then pay more money.” Such an approach is most often seen in illegal brokerage firms.
Furthermore, a minimum deposit of £250 is an important marker of fraud. It is illegal brokers who most often set such a relatively high bar for an initial deposit. Many firms that have been popular and in operation for more than 5-10 years open access to trading even with $10 in your pocket. However, only scammers require more or less serious amounts for a deposit. Apparently, they do not want to waste time on those who do not have normal capital for trading. Is Saturn4u a scam, or is it just a coincidence?
- None.
- The trading conditions are similar to those most often offered by fraudulent brokers.
- There is no demo account.
- Commissions and spreads are hidden.
Market Analysis and Education With Saturn4u.com
The additional service at Saturn4u is very scant. There is an economic calendar, a small FAQ, and basic information about the traded market classes. Neither online quotes, nor training courses, nor calculators for calculating position parameters, nor widgets are offered here.
Deposit, Withdrawal, and Fees
Clients can use credit/debit cards, e-wallets, and bank wire transfers for financial transactions. Saturn4u does not disclose specific details regarding deposits and withdrawals. We know that the company does not charge a commission for withdrawing funds, but it is unknown how long it takes to process a withdrawal request.
| Features | Saturn4u | LumineTrade | Lincoln Financial Service LTD |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ❌ | ✔️ |
| Electronic Payments | ✔️ | ❌ | ❌ |
| Crypto Transfers | ❌ | ❌ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ✔️ | ❌ |
How Can I Contact It?
Saturn4u provides customers with an email and three telephone numbers for contacting managers, with phones from Australia, Canada, and the United Kingdom. Checking the provided contacts revealed nothing. However, it is worth noting the absence of online chat, as an important element for prompt communication with technical support. It is also strange to see the absence of the broker on social networks, since for an online business, promotion on social networks can be very profitable in terms of attracting new customers.
- There is an email and several phone numbers.
- An online chat for prompt feedback has not been created.
- Social media accounts are absent.
Is Saturn4u Dangerous?
Looking at the trading conditions, we cannot say that it is a reliable and safe platform. To be honest, the terms look as if we are just dealing with another fraudulent organization. Moreover, registration via promo codes raises serious suspicions. Such a practice is found exclusively among illegal brokers. Before making a final conclusion about Saturn4u, we will check their duration of operation and licenses.
How Long Does The Broker Work?
Why does the company hide its foundation date? Why not share their experience with users? Probably because it is too short a period that will repel anyone wanting to open a brokerage account here? Most likely, this is the case. After all, the real duration of Saturn4u’s operation is very modest since the domain of the website was registered on October 12, 2023. And without a website, the platform simply could not exist. So the firm began servicing traders only in October of this year.
How Is Saturn4u Regulated?
We are looking at a Swiss broker who ignores licensing. Nothing is said about regulation on the website. However, we will still check the FINMA register for a Saturn4u license. The search yielded nothing; there is no such organization in FINMA.
We even checked the Swiss commercial register. And there too, the hero of our investigation was not found. Does this firm exist at all? Considering the fake address provided, no.
| Features | Saturn4u | Lincoln Financial Service LTD | Buy Crypto Market |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Saturn4u?
Is Saturn4u Legit?
How Risky Is It?
Kevin Berry Inventing an address in Switzerland, creating a template website, setting a minimum deposit of $250, offering improved services and advantageous terms on expensive tariffs, and hiding crucial data – these are the secrets of all scammers. If you see the absence of legal documents, licenses, and insurance, as well as the inability to register an account without a promo code, then these are the true signs of a fraudulent broker. I would also add to Saturn4u – it’s a dealing desk, which benefits when traders lose money. Do not think about opening a brokerage account here, let alone transferring money. For money, it’s a one-way street. Scammers will never return anything to you.
Saturn4u rating
3 reviews about Saturn4u
Hmm, a very strange brokerage company. It seems to be an excellent and comfortable broker at first glance, but if you dig deeper, the desire to trade does not arise at all. I do not see any security guarantees. The firm simply does not provide them. Of course, if you don’t care, you might take a risk, but I would not.
Firstly, I never saw any legal documents on the company’s website. Is that normal? I think not. Secondly, Saturn4u is too secretive an organization. It doesn’t disclose when it was founded and by whom, it does not provide information about licenses, about the business model. But I understand perfectly why. There is no license here, there never has been, and there will not be. The business model is 100% B-Book, and that’s a conflict of interest. Who in their right mind would go trading there, where there is no license and no regulatory control? Moreover, where the only interest is to drain your deposit. No one would. That’s why the scammers from Saturn4u operate as stealthily as possible. There are even no social media accounts. Online business without social media? That’s hard to imagine. Scammers don’t want to waste time on what they don’t need because soon this fraud trap will close, and in its place will appear a new fake broker, but with a different name.
I regrettably fell victim to a scam orchestrated by Saturn4u, and I wish to caution others against using their services. The individual responsible for the fraudulent activity identified as a “Senior Financial Advisor” is Dominic Kraus. Exercise extreme caution and refrain from engaging with Saturn4u.com to prevent any potential scams or financial losses.